Playtika (PLTK) Expands Portfolio With Innplay Labs Acquisition
Playtika (PLTK) acquires Israel's mobile gaming studio, Innplay Labs, thereby optimizing high-growth potential IP, like 'Animals & Coins'.
Source: yahoo.com
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Playtika (PLTK) acquires Israel's mobile gaming studio, Innplay Labs, thereby optimizing high-growth potential IP, like 'Animals & Coins'.
Playtika has entered into a definitive agreement to acquire Israeli-based mobile gaming studio Innplay Labs for up to $300.0m.
Playtika has agreed to acquire Innplay Labs, a mobile game studio in Israel, for an upfront fee of $80 million and as much as $300 million.
Upfront payment of $80 million
Social gaming developer Playtika reported a year-on-year rise in net profit for the second quarter despite experiencing a drop in revenue.